HB 2411 -- Income Tax Credit for Recycling Construction Waste

Sponsor:  Spreng

Beginning January 1, 2008, this bill authorizes an income tax
credit equal to 75% of the costs of recycling reusable waste
material from construction.  The Department of Natural Resources
will determine eligibility for the credit, and the tax credit may
be taken against individual and corporate income tax or corporate
franchise tax.  The tax credit will not be transferable or
refundable, but can be carried forward for up to three taxable
years.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm